I have been busy with my day job and struggling to have sometime in finalizing my trading system. That explains why posting has been lagging. Anyway, I hope I can get back on track soon. In the August version of Currency Trader magazine, Ken Jakubzak was interviewed. There are a couple of points which I […]
Driver losing control..
RBA bashes the banks THE Reserve Bank has partly blamed Australia’s private banks for creating conditions that risk pushing the nation into a “deeper and more persistent slowdown”. The central bank’s board also seriously considered cutting interest rates when it met on August 5, according to minutes of the meeting released yesterday. At the meeting, […]
Charities feel the Subprime pain
MORE than 100 local councils, charities, churches, hospitals and nursing homes across Australia are sitting on a $2 billion black hole after buying subprime investments structured by Wall Street banks during the bull market but which are now potentially worthless. A document leaked to BusinessDay revealed that Lehman Brothers is managing tens of millions of […]
What’s wrong with these people? ‘Westerners’
I don’t normally post non-trading stuff here. But recent reports , particularly in Australian medias are just so annoying. Full of craps. More ceremony fakes unearthed Stephen Hutcheon | August 15, 2008 – 12:08PM The Olympic opening ceremony featured faked fireworks, a fake singer who lip synced to another girls voice and now it appears […]
Leave Aussie alone…
Oh crap. That’s the term I used the most last week. :lol:. Man, Aussie dollar was breaking down again and again. It broke my 0.93 support, and now trading below 0.90. Holy smoke… 😆 I did not make money from shorting Aussie dollar last week. The excuse I am going to use is…I was darn […]
Bad coffee exits
Starbucks pulled out from Australia by closing 61 of 84 stores. In the case of one American coffee giant, globalisation deserved to fail. Starbucks makes really bad coffee. Starbucks is almost entirely pulling out of Australia closing 61 of its 84 stores. In Melbourne, just five of the 16 stores are tipped to remain. […]
